For instance, TCS proposed to buy back shares at Rs 3,000 per share, which is at a premium to the closing price of `2,737 on the day of the announcement (October 7). Supreme Petrochem Limited has informed the Exchange regarding Closure of Buy Back with effect from September 18, 2020 19 Sep 2020 This is to inform you that the Board of Directors of the Company at its meeting held through Video Conference (VC) on Friday, September 18, 2020 appro Supreme Petrochem said its board approved buyback of upto 41 lakh shares at a price not exceeding Rs 185 per share. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. The buyback price is at a premium of 31% to current closing prices on March 12. Supreme Petrochem promoted by Supreme Industries (SIL) and R Raheja Investments was incorporated in Dec. 1989. Company Announcement Supreme Petrochem Limited has informed the Exchange about Buyback of securities of SUPREME PETROCHEM LTD from the Open Market in terms of SEBI (Buy Back) of Securities) Regulations, 2018 - NEWS as on 2020-09-18 . Directors Report of Supreme Petrochem Ltd. including company performance and company plans, if any. This page has links to all data sheets in MatWeb for the manufacturer Supreme Petrochem LTD. We have several search tools, listed above, that give you more efficient methods to reach the information that you need. 10/- each) entailing an outgo of Rs.2350.52 Lakhs. Kindly visit the Manage my subscription page to discover the benefits of this programme. Emami is today among the gainers on the bourses as its Board is meeting today to decide on the intricacies of the buyback. Know everything about the buyback from JustDial. Although the last move by SEBI will definitely boom the buyback practice and buy back shall remain the preferred choice at this time for such economic low. Now, TCS will soon follow. Your support through more subscriptions can help us practise the journalism to which we are committed. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. Supreme Petrochem Ltd Share Price- Get Supreme Petrochem Ltd Stock/Share prices. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Follow @icn for the latest news, insider access to events and more. Sun Pharmaceuticals, Supreme Petrochem, Dalmia Bharat, Emami and Granules India are some of the companies that already announced buybacks. FOR THE ATTENTION OF THE SHAREHOLDERS/ BENEFICIAL OWNERS OF THE EQUITY SHARES OF SUPREME PETROCHEM LIMITED The Post Buyback Public Announcement is issued in compliance with Regulation 19(7) of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 and subsequent amendments thereto. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. The company announced that its board on 12 March 2020 approved buyback of the company's fully paid-up equity shares for an amount not exceeding Rs 62.67 crore. Supreme Petrochem Limited SUPPETRO National Stock Exchange of India (NSE) - 21 July, 2014 SuDividendupreme Petrochem Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on July 18, 2014,has recommended a … 3 The Supreme Group Supreme Industries: Engaged in processing of polymers and resins into finished plastic products 29.99 per cent stake in Supreme Petrochem Supreme Industries Overseas (FZE) - A wholly owned subsidiary, in the United Arab Emirates. 1. The dates of the buyback offer will be mentioned in the public announcement, the company's statement added. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Digital Editor. The Styrenics facility at Amdoshi – Wangani Manufactures 1,500,000,000 and its paid up capital is Rs. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. 62.67 crores excluding dividend distribution tax (DDT) and all other expenses to be incurred for buyback viz, filing fees payable to SEBI, Stock Exchanges fees, advisors fees, transaction cost viz., brokerage, applicable taxes such as securities transaction tax, stamp duty etc., and any other incidental and related expenses in cash from the BSE and the National Stock Exchange of India, subject to a price not exceeding Rs. We believe in free, fair and credible journalism. Topics SPL is also the largest exporter of PS from India, exporting to … Supreme Petrochem increases promoter stake The Board of Directors of Supreme Petrochem Limited (SPL) at its meeting held on March 12, 2020 has approved buyback of 2.27 percent share proposal of the company under the Provisions of the Companies Act, 2013 and SEBI (Buy-Back) Regulations, 2018 Supreme Petrochem's primary business segment is styrenics. It manufactures styrene monomer and polystyrene. 2. DIVIDEND. Supreme Petrochem Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 23, 2020, inter alia, has declared Interim Dividend of Rs.2.50/- per equity share of the Company for the Financial Year 2020-2021 on its paid up equity share capital (consisting of 94020671 equity shares of Rs. Copyright © 2020 ICN. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. ), Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Returning surplus cash. SUPREME PETROCHEM LTD (SPL) owns and operates state-of-the art production facilities from two locations in India, the first at Amdoshi – Wangani Village near Nagothane in District Raigad Maharashtra and the Second in New Manali Town near Chennai in Tamil Nadu.SPL exports its Products to more than 100 Countries around the Globe. The maximum buyback size represents 9.998% of the aggregate of the total paid-up equity capital and free reserves of the company based on the audited financial statements of the firm for last financial year ended on 31 March 2019. The stock hit 52-week low at Rs 113.10 during intraday trade. 185: Rs. Also, we will provide all required information about Just Dial Limited Buyback offer, buyback price, buyback size, Just Dial Buyback record date, and company’s finance so you can make the best decision for your portfolio. However, compared to historical valuations, the shares of Supreme Petrochem are trading at a discount of 27% to … Apart from Emami, in the past fortnight, ever since the crash began, a few more companies announced plans to buyback – SP Apparels, Sun Pharma, Supreme Petrochem … dividend of Re 1.00 per equity share) on October 26, 2018 involving an outgo of RS. 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